Jagatjit Industries Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025, demonstrating a significant turnaround in financial performance. The company's Board of Directors approved these results on February 27, 2026, following a detailed review by the Audit Committee.

Financial Performance Overview

The company's Q3 FY26 results showcase a dramatic improvement in profitability, primarily driven by exceptional gains from asset monetization. The financial transformation reflects the company's strategic focus on optimizing its asset portfolio and reducing debt burden.

Nine-Month Performance Analysis

For the nine months ended December 31, 2025, Jagatjit Industries reported comprehensive improvement across key financial parameters. The company achieved net profit of ₹2,670 lakhs compared to a loss of ₹1,662 lakhs in the corresponding period of the previous year.

Exceptional Items and Asset Monetization

The quarter's performance was significantly enhanced by exceptional gains of ₹9,530 lakhs from the sale of immovable property and equipment. This transaction was executed based on part consideration received following an agreement to sell, with physical possession transferred before the reporting date. The company strategically utilized these proceeds to repay high-cost bank borrowings aggregating ₹10,700 lakhs, which is expected to reduce finance costs and improve operational efficiency in subsequent periods.

Additionally, other income included a write-back of ₹387 lakhs related to earlier year security deposits and interest payable, which were considered no longer payable.

Segment-wise Performance

The company operates across multiple business segments, with beverages being the primary focus. The segment-wise revenue breakdown for Q3 FY26 shows:

• Beverages: ₹3,300 lakhs (compared to ₹13,540 lakhs in Q3 FY25)
• Food: ₹2 lakhs (compared to ₹2,148 lakhs in Q3 FY25)
• Others: ₹287 lakhs (compared to ₹325 lakhs in Q3 FY25)
• Ethanol: ₹0 lakhs (no comparative figure for Q3 FY25)

Debt Reduction and Going Concern

The company has taken significant steps to strengthen its financial position by monetizing surplus non-core assets. During the nine months ended December 31, 2025, the strategic asset disposal and subsequent debt reduction of ₹10,700 lakhs represents a crucial step toward financial stability. The company continues to evaluate additional measures for fund raising, including further monetization of surplus assets and infusion of long-term funds through private equity placement and promoter contributions.

Management has prepared the financial statements on a going concern basis, expressing confidence in the company's ability to meet its obligations through improved operational performance and the ongoing operation of its 200 KL per day Ethanol Plant.

Regulatory Compliance and Audit

The financial results were subject to limited review by V.P. Jain & Associates, Chartered Accountants, who issued an unmodified review report. The auditors drew attention to the exceptional nature of items resulting in increased profit, though this did not qualify their conclusion. The company acknowledged a delay in submission of financial results due to non-availability of team members responsible for account finalization, expressing regret and commitment to strengthening internal compliance mechanisms.

Jagatjit industries Limited has announced a delay in submitting its unaudited standalone and consolidated financial results for the quarter ended December 31, 2025. The company informed BSE on February 13, 2026, that it would not meet the regulatory deadline of February 14, 2026, for filing its Q3 FY26 results.

Regulatory Requirements and Timeline

Under Regulation 33 of the SEBI Listing Regulations, companies are mandated to submit their unaudited standalone and consolidated financial results along with a Limited Review Report from statutory auditors within 45 days from the end of each quarter. For the quarter ended December 31, 2025, this deadline translates to February 14, 2026.

Reason for Delay

The company has attributed the delay to circumstances beyond its control, specifically citing the non-availability of team members responsible for finalizing accounts. Despite best efforts to meet the deadline, Jagatjit Industries stated that the absence of key personnel has prevented timely completion of the financial results preparation process.

Company's Response and Next Steps

Jagatjit Industries has assured stakeholders that it is making best efforts to finalize and submit the results at the earliest possible time. The company has indicated that the date for the Board Meeting to approve these financial results will be communicated in due course. Additionally, the company has requested BSE to grant an extension for the submission of financial results.

Trading Window Restrictions

The company has reiterated that trading window restrictions remain in effect for all designated persons. As per the Code of Prevention of Insider Trading and SEBI (Prohibition of Insider Trading) Regulation, 2015, the trading window for dealing in company shares will continue to remain closed until 48 hours after the announcement of the unaudited financial results for the quarter ended December 31, 2025. This restriction was initially communicated to the exchange on December 23, 2025.

Corporate Communication Details

The formal communication was signed by Roopesh Kumar, Company Secretary (ICSI Membership No. F10058), and sent to BSE's Corporate Relationship Department. The company operates under scrip code 507155 on BSE and maintains its registered office at P.O. Jagatjit Nagar, Kapurthala, Punjab.